The city held the temporary tax initiative in March 2008 to facilitate the relocation of the NBA's Seattle SuperSonics or another relocation franchise. A brand-new coliseum will improve the annual Great State Fair of Oklahoma, create new dreams for Oklahoma athletes and ensure Oklahoma City, remains "The Horse Show Capital of the World.". National and international horse show titles are awarded there each year. Originally billed and marketed as a "state-of-the-art" facility, Oklahoma City Arena was actually constructed to minimum NBA and NHL specifications. Prior to 2002, the PBR's BFTS tour event was held at the Oklahoma State Fair Arena. Current plans call for a $95 million construction budget. Oklahoma lost to Oklahoma City University, and Oklahoma State lost to St. Louis in the arena's first basketball games on Dec. 1, 1965. The venue has hosted the NCAA Men's Basketball First and Second Round on several occasions (including 2010 and 2016) and is the permanent host of the All-College Basketball Classic. Financing consists of a temporary 15-month, 1-cent sales tax that will be paid by Oklahoma City residents and shoppers beginning January 1, 2009. The average lifecycle for a public event facility is 30 to 40 years. Married, two children, lives in Norman. The Thunder have been a playoff mainstay since arriving in Oklahoma. Oklahoma City billionaire investor Clay Bennett of the Professional Basketball Club LLC purchased the Seattle SuperSonics and Seattle Storm franchises from Howard Schultz in 2006. , Subsequent to the ballot initiative, City officials and Sonics ownership announced a preliminary agreement to move the Sonics franchise to Oklahoma City and the Ford Center. This incident would eventually result in the cancellation of all sports events throughout North America and the rest of the world, as the COVID-19 outbreak had been declared as a pandemic by WHO earlier that day. David Stern was quoted as stating that "Oklahoma City was at the top of the relocation list of cities" and during the Hornets' last home game he all but assured local fans that "I look forward to the day that the NBA will return to Oklahoma City.". All Rights Reserved. Long-term contracts could leave, which would create huge vacancies at hotels and damage retail and restaurant sales. After the city of New Orleans, and surrounding area was devastated by Hurricane Katrina in 2005, the NBA reached a deal with the City of Oklahoma City which allowed the New Orleans Hornets franchise to temporarily move to the Chesapeake Energy Arena (then known as the Ford Center). The Chesapeake Energy Arena hosts a number of games and events from Oklahoma City University, the University of Oklahoma, and Oklahoma State University along with those from local high schools and post-secondary organizations. Because the arena is quickly becoming obsolete, local events such as high school sports tournaments could also move to more modern facilities. If they do, sales taxes will not increase from current levels. It opened in 2002 and since 2008 has served as the home venue for the National Basketball Association (NBA)'s Oklahoma City Thunder. 1.1 million – Annual visitors to the Jim Norick Arena, $211.5 million – Direct spending by Big House visitors, 10% – Expected increase in direct spending with a new coliseum, $408 million – Expected total economic annual impact of a new facility, 370 – New jobs a new coliseum will create. The Jim Norick Arena will remain open during construction of a new coliseum. It hosted the 2007 Big 12 Men's Basketball Tournament for the first time in 2007 (with the 2007 Big 12 Women's Basketball Tournament held across the street at Cox Convention Center). It’s time to create new memories in a modern, first-class building. From 2005 to 2007 the arena also served as the temporary home for the New Orleans Hornets of the NBA when the Hornets were forced to play games elsewhere following extensive damage to New Orleans Arena and the city of New Orleans from Hurricane Katrina. For the new Ford Center in, 2007 Big 12 Women's Basketball Tournament, Effect of Hurricane Katrina on the New Orleans Hornets, Seattle SuperSonics relocation to Oklahoma City, "Chesapeake Energy Arena - Fast Facts - Capacities", "NBA Owners Approve SuperSonics' Move to Oklahoma", "Ford Center Is Now The Oklahoma City Arena", "OKC Arena to be Renamed Chesapeake Energy Arena", "Chesapeake Energy Corporation, company with ties to Thunder, files for bankruptcy", "New Scoreboard Designed with Fans in Mind", "Voters Approve $121.6 Million in Arena Upgrades to Lure NBA Team", "MAPS 3 Citizens Advisory Board Presentation", "Ford Center Practice Gym Eliminated from Renovations", "Oklahoma City Might Save as Much as $14 Million on Ford Center Renovations, Practice Facility", "Thunder Practice Facility Set for March Completion", "Stern Looking Forward to NBA's Return to Oklahoma City", "Now That Seattle Lawsuit Has Been Settled, the NBA Is on Its Way Here to Stay", "Strikeforce confirms Jan. 12 event is final Showtime broadcast", History of the Arena Football League in Oklahoma City, Current arenas in the National Basketball Association, https://en.wikipedia.org/w/index.php?title=Chesapeake_Energy_Arena&oldid=975999258, Buildings and structures in Oklahoma City, Indoor ice hockey venues in the United States, Creative Commons Attribution-ShareAlike License, This page was last edited on 31 August 2020, at 16:29. In addition to its use as a sports venue, Chesapeake Energy Arena hosts concerts, family and social events, conventions, ice shows, and civic events. That money goes to local businesses and pays for a wide variety of city services through sales and other taxes. The OKC Fairgrounds generate more economic benefit than the Cox Convention Center, Chesapeake Energy Arena and Chickasaw Bricktown Ballpark combined. During the show on September 25, 2006, the opening of the show suffered a blackout, but lights were restored shortly after the night began.  The original Ford Center name came from a naming rights deal with the Oklahoma Ford Dealers group which represented the marketing efforts of the state's Ford dealerships, rather than the Ford Motor Company itself. Log in or subscribe to read and leave comments. These houses start at just $144,000, and they have up to 5,728 square feet of space, so people from all walks of life can invest in a quality new construction home. The Thunder won Game 1 at Chesapeake Energy Arena in convincing fashion, but lost the last four games and the championship to the Heat. We will create a first-class experience for all events. Posted Jan 13, 2020. The original Ford Center name came from a naming rights deal with the Oklahoma Ford Dealers group which represented the marketing efforts of the state's Ford dealerships, rather than the Ford Motor Company itself. In March 2014, the arena played host to the NCAA Division I Wrestling Championships. During this time, the team was known as the "New Orleans/Oklahoma City Hornets", giving Oklahoma City credit for hosting the 'home team'.  Included in the agreement Chesapeake had its branding throughout the building, prominent premium placement on the high-definition scoreboard, and on new state-of-the-art interior and exterior digital signs.